Balances and Value Definitions for Pension Schemes

Balances are predefined based on the types for pension schemes. These provide the basis for the returns to show the correct total amounts for employees and employers

As the template generates the elements, regardless of the scheme name, these balances are associated with the elements for their respective input values. Based on pension scheme type, for example PEPP, the name is PEPP Employees Pension Additional Contributions.

<Template Pension Category> Employees Pension Additional Contributions
<Template Pension Category> Employees Pension Contributions
<Template Pension Category> Employees Pension Deductions
<Template Pension Category> Employers Pension BIK
<Template Pension Category> Employers Pension Contributions
<Template Pension Category> Pensionable Pay Employees
<Template Pension Category> Pensionable Pay Employers
<Template Pension Category> Reduced Liability Employees
<Template Pension Category> Reduced Liability Employers

These balances are applied regardless of scheme type:

In Scheme Pensionable Earnings Employers
In Scheme Pensionable Earnings

These are the predefined value definitions:

Pension Contribution Percentage Limit
Pension Contribution Total Earnings Limit
Pension Retirement Age Bracket
Pension Employer Max Contribution Percentage

These value definitions are generated by the element templates:

<Scheme Name> Reduced Liability Percentage
<Scheme Name> Plan Opt-Out Date
<Scheme Name> Pension Tracing Number